Adam Moskowitz, who has been the lead attorney in a number of civil cases involving crypto firms, filed a motion to take a deposition from former Binance CEO Changpeng “CZ” Zhao.
In a Dec. 8 filing in United States District Court for the Southern District of Flordia Miami Division, Moskowitz said Zhao’s testimony would be “crucial to the claims and defenses of all parties” involved. The law firm filed the motion as part of a $1 billion lawsuit against Zhao, Binance, and crypto influencers, which a court ordered stayed in August.
Moskowitz and his firm have represented several clients in cases against high-profile crypto firms and related entities. He was counsel for many victims of the collapse of FTX in a lawsuit targeting celebrities who promoted the crypto exchange, as well as a suit claiming investors suffered losses from soccer star Cristiano Ronaldo touting Binance’s nonfungible tokens.
“Typically, because CZ is a named defendant, we would just send a notice for his deposition,” Moskowitz told Cointelegraph. “In our case, we all agreed to wait on discovery, until the judge rules on Binance’s demand that we litigate our class action before the AAA arbitration association. Regardless [of] where we end up, CZ’s testimony will be crucial for all parties.”
The crypto lawyer said the filing came in response to a Washington judge ordering Zhao to remain in the U.S. until his sentencing in February 2024. In November, U.S. authorities announced a $4.3 billion sett
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Author: Turner Wright
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